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Credit Score in 90601 : Real Estate Advice

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Wed Jan 30, 2013
Cindy Davis answered:
I'm sure you can find a lender who says you may be able to...

I always wonder however about the wisdom of buying when your credit is so low. Low credit scores often reflect large credit card balances, missed payments, and some back log of people you owe money to. So, to add another debtor to your life makes little financial sense to me.

I would encourage you to work with a reputable lender in your community, review your credit thoroughly and see what you can do to bring it up - if necessary, paying off some debts first. Your interest rate will be affected by your credit score so the higher your scores, the lower your interest rate.

Best of luck.
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